As Australia teeters towards a serious downturn we are likely to see Gold in Australian $$$ get bigger. Even a static US$ price of gold will make no difference, clearly steady to degrading Australian interest rates will embolden gold in AUD$ terms. A weakening macroeconimc climate will also support gold price. All in all it seems as though a seriuous upmove may be coming in to view with this world class NCM company. A safe geopolitical location is also a major bonus.
JFI
NCM Price at posting:
$25.31 Sentiment: Buy Disclosure: Held